Commercial RE Market Tightening

Having just assisted Diamond Center One lease 110,000 sf to Winston Products, LLC, I am noticing that the market is tightening, and this lease is another example of that. A second tenant also signed a lease at the same facility, which is located at 30339 Diamond Parkway. The building totals 400,000 sf, and at this point more than 180,000 sf of Class “A” space has been absorbed in under 30 days (133,000 sf is still available). With no new space currently being built, I'm noticing the market is slowly shifting back toward equilibrium.